5 87th Street, Unit 301

Ocean City, MD 21842

$1,500,000
Price
5
Beds
4
Baths
1
1/2 Bath
2,725 Sq. Ft.
$550 / Sq. Ft.
2,725
Sq. Ft.
$550
per Sq. Ft.

Description

This amazing spacious unit has 5 bedrooms and 4.5 baths, new HVAC unit, newly replaced sliding doors, and surround sound featured in the open living areas as well as wrap around balconies with views of the beach, Atlantic Ocean & Assawoman Bay. The condo has 3 covered assigned spaces, for no hassle parking and a building elevator for ease of trips to and from the beach. "Sunset" Unit 301, at 2722 sq ft, is a proven high income producing rental that is being offered turn key/ fully furnished so all...This amazing spacious unit has 5 bedrooms and 4.5 baths, new HVAC unit, newly replaced sliding doors, and surround sound featured in the open living areas as well as wrap around balconies with views of the beach, Atlantic Ocean & Assawoman Bay. The condo has 3 covered assigned spaces, for no hassle parking and a building elevator for ease of trips to and from the beach. "Sunset" Unit 301, at 2722 sq ft, is a proven high income producing rental that is being offered turn key/ fully furnished so all you have to do it start collecting the rental income. Sunset also features LVP flooring, granite counters & island, tray ceilings as well as sliders and windows galore. To the east of this unit sits a beautifully decorated terrace perfect for entertaining and or family gatherings. This is an incredible offering to allow large families or great travel friends to own together in one of the most desirable garden style condo buildings in town or an incredible investment opportunity that could bring in over $100k+- in gross rental income per year per unit
  1. Listed by Jenny Sheppard • Sheppard Realty Inc
    P: 4437830299 jennysoldit@aol.com

Property Details for 5 87th Street, Unit 301

Tax ID Number
2410760844
Ownership
Condominium
Condo Coop Association
Yes
HOA
No
Entry Floor Number
3
Structure Type
Unit/Flat/Apartment
Style
Unit/Flat
Levels/Stories
4

Location

Listing Courtesy of Sheppard Realty Inc
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LISTING UPDATED: 04/20/2024 02:44 PM

Property Details for 5 87th Street, Unit 301

StatusActive
MLS #MDWO2017506
Days on Market175
Taxes$8,642 / year
HOA Fees-
Condo/Co-op Fees$3,140 / quarter
Compass TypeCondo
MLS TypeResidential / Condo
Year Built2007
CountyWorcester County

Building

St Kitts

2 StoriesBuilt in 2007

Location

Listing Courtesy of Sheppard Realty Inc
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Virtual Tour

Building Information for 5 87th Street, Unit 301

Building/ComplexSt KittsFloor3Stories2Residences-Pet Policy-Year Built2007

Payment Calculator

$9,953 per month

30 year fixed, 7.25% Interest

Principal and Interest

$8,186

Property Taxes

$720

HOA Dues

$1,047

The Payment Calculator is for illustrative purposes only.

Property Information for 5 87th Street, Unit 301

Location
Location
  • In City Limits: Yes
  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS
  • School District County ID: 121138066543
  • SchoolDistrictSource: Listing Agent
  • Elementary School: OCEAN CITY (WORCESTER MD)
  • ElementarySchoolSource: Listing Agent
  • Middle Or Junior School: BERLIN INTERMEDIATE SCHOOL (WORCESTER MD)
  • MiddleSchoolSource: Listing Agent
  • High School: STEPHEN DECATUR (WORCESTER MD)
  • HighSchoolSource: Listing Agent
  • County: WORCESTER
  • MLS Area: Ocean Block (82)
  • OC Cross Street: 87
Waterfront / Water Access
Waterfront / Water Access
  • Water View: No
  • Water Access: No
  • Water Oriented: No
  • Navigable Water: No
  • Tidal Water: No
  • Riparian Rights Y/N: No
Association / Community Info
Association / Community Info
  • HOA Condo Coop Fee Includes: Ext Bldg Maint, Insurance, Management
  • HOA Condo Coop Amenities: None
  • Senior Community: No
  • Type of Condo: Condo/Coop Association
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2023
  • Tax Assessed Value: $613,100
  • Year Assessed: 2023
  • County Tax: $5,181
  • City Town Tax: $2,774
  • Clean Green Assessed: No
  • Land Use Code: U
  • Zoning: R
  • Tax Lot: 301
  • Automatically Update Tax Values Y/N: Yes
  • TaxDataUpdatedYN: No
Lease Information
Lease Information
  • Pets Allowed: No
Rooms
Main
  • # Bedrooms Count Main Level: 5
  • # Bathrooms Count Main Level: 5
  • # Bathrooms Full Main Level: 4
  • # Bathrooms Half Main Level: 1
Rooms
  • Stories: Main
Building Info
Building Info
  • Total Finished SQFT: 2,725.00
  • Total Finished SQFT Source: Assessor
  • Tax Total Finished SQFT: 2,725.00
  • Total SQFT: 2,725.00
  • Total SQFT Source: Assessor
  • Construction Materials: Cement Siding
  • Room and Floor: Bedrooms-Main Level-1, Bedrooms-Main Level-2, Bedrooms-Main Level-3, Bedrooms-Main Level-4, Bedrooms-Main Level-5, Bathrooms Full-Main Level-1, Bathrooms Full-Main Level-2, Bathrooms Full-Main Level-3, Bathrooms Full-Main Level-4, Bathrooms Half-Main Level-1
  • # Bathrooms Full: 4
  • # Bathrooms Half: 1
  • Other Structure: Above Grade, Below Grade
Lot / Land Information
Lot / Land Information
  • Lot Size Dimensions: 0.00 x 0.00
  • Lot Dimensions Source: Assessor
  • Parcel ID: 5436726
  • Ground Rent Exists: No
Parking
Parking
  • Type Of Parking: Parking Lot
  • Parking Lot - # of Spaces: 3
Interior Features
Interior Features
  • Interior Features: Bar, Ceiling Fan(s), Central Vacuum, Combination Dining/Living, Dining Area, Elevator, Entry Level Bedroom, Floor Plan - Open, Kitchen - Gourmet, Primary Bath(s), Recessed Lighting, Upgraded Countertops, Window Treatments
  • Fireplace: No
  • Appliances: Built-In Microwave, Dishwasher, Disposal, Dryer - Electric, Exhaust Fan, Refrigerator, Stainless Steel Appliances, Stove, Washer, Water Heater
  • Accessibility Features: Elevator
  • Laundry Type: Dryer In Unit, Washer In Unit
  • Virtual Tour URL Unbranded: https://hd.pics/x1061587
Exterior Features
Exterior Features
  • Pool: No Pool
Utilities
Utilities
  • Heating: Yes
  • Cooling Type: Ceiling Fan(s), Central A/C, Heat Pump(s)
  • Cooling Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating Fuel: Electric
  • Hot Water: Electric
  • Water Source: Public
  • Sewer Septic: Public Sewer
Confidential Data
Listing Office
  • List Agent AOR: Coastal Association of REALTORS (MD)

Property History for 5 87th Street, Unit 301

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 5 87th Street, Unit 301

Taxable ValueLand$306,500Additions$306,600Total$613,100
Tax Record2023$8,642 ($720 / month)
Home Facts
Beds0Baths4.5Total Finished SqFt2,725 SqFtAbove Grade Finished SqFt2,725 SqFtStyleCondominiumYear Built2007CountyWORCESTERAPN10-760844

Schools near 5 87th Street, Unit 301

This home is within Worcester County Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 4
Public - 5 to 6
Public - 7 to 8
Public - 9 to 12
Rating
School
Distance
Ocean City Elementary School
PublicPK to 4

Berlin Intermediate School
Public5 to 6

Stephen Decatur Middle School
Public7 to 8

Stephen Decatur High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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5 87th Street, Unit 301 is a condo for sale in Ocean City, MD 21842. This property was listed for sale on November 7, 2023 by Sheppard Realty Inc, it's currently listed at $1,500,000. It has been on the market for a total of 175 days and was last sold on October 7, 2010. This listing's school district is Worcester County Public Schools. Nearby schools include Ocean City Elementary School, Berlin Intermediate School and Stephen Decatur Middle School. 5 87th Street, Unit 301 is a 5-bed, 4.5-bath, 2,725 sqft condo built in 2007.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Sheppard Realty Inc

© 2024 Bright MLS. All rights reserved. All information is deemed reliable, but accuracy is not guaranteed. Listing information is from various brokers who participate in IDX and not all listings may be visible on the site. The property information being provided is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated on 04/20/2024 02:44 PM